Even once your tax return is turned in, do not run any documents through the shredder just yet. You will want to hang on to certain items, such as tax forms and supporting paperwork, in case of an ...

For many business owners, preparing their taxes at the end of the year is a monumental headache they put off until the last minute. But it doesn’t have to be. There are simple steps one can take to ...

Most paperwork needed for filing your federal tax return to the Internal Revenue Service (IRS) can be completed and submitted electronically, but you’ll need to acquire some forms, on paper or via the ...

You've probably heard that you should hang onto your tax returns for three years. The truth is that tax record retention periods vary from three years to indefinitely depending on the types of ...

Here's what you should know about income tax, what it is, how it works, how to calculate it and which states don't have it.

Greg Daugherty has worked 25+ years as an editor and writer for major publications and websites. He is also the author of two books. ArtistGNDphotography / Getty Images If you have income from work, ...

Filing taxes can get confusing, especially with all the forms and applications. Whether you file with help from a professional or on your own, calculating the precise total you owe to Internal Revenue ...